Nigerian crude cargoes still struggling for buyers

Prices for Nigerian cargoes held steady as the market struggled with a large overhang of unsold oil.

Offers for January-loading Qua Iboe held around $1.65 a barrel above dated Brent, although this was perceived to be still too expensive to attract much interest, traders said.

Traders estimated late last week that the surplus of unsold cargoes for December and early January was close to 30.

Source: Reuters

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